We are excited to announce that Bryan Shipley, CFA, CAIA has been named co-chief investment officer of the firm. He will serve alongside Tony Arnerich and share the responsibilities of chief investment officer, providing thought leadership and overseeing the firm’s investment strategy. Tony Arnerich has been working with Bryan for many years and has selected him to help drive the company’s investment approach into the future. Mr. Shipley, who joined Arnerich Massena in 2003, has had a key role in the development and maintenance of the firm’s investment philosophy and research process as head of traditional and real assets, and the move to co-CIO is a natural progression of his work. With a distinguished career of more than 19 years, Mr. Shipley is an accomplished and seasoned investment professional.
Photo by Edward Hermanson
The new lawsuit against the University of Chicago filed by retirement plan participants on May 18 in Illinois can serve as a reminder of the critical importance of fiduciary responsibility. Plaintiffs are suing the University of Chicago for breach of fiduciary duty, alleging that the college failed in its fiduciary duty, resulting in excessive administrative and investment fees and fund underperformance. The University of Chicago’s retirement plans in aggregate have over $3 billion in assets and more than 36,000 participants.
Arnerich Massena’s I AM Learning Partnership is preparing to celebrate some endings and also some exciting new beginnings. Our 2016-17 school-year programs at Irvington School are concluding as we rapidly approach the last day of school. This year, the programs helped more than 100 Irvington students improve their skills in reading, math, science, and homework completion, while also providing mentorship to adolescent girls. Read more
On Thursday, April 27, San Diego’s business and community leaders gathered together for a unique competition benefiting an important cause. Sanford Burnham Prebys Medical Discovery Institute hosted “Bring it! for medical discovery,” a high-intensity game show experience and fundraiser. Read more
A huge dose of gratitude to TEDxPortland and David Rae, who are gifting the Poler backpacks left over from the TEDxPortland event to the children of Arnerich Massena’s I AM Learning Partnership. More than 30 of these fantastic backpacks will be handed out to students who attend the I AM Learning Partnership summer programs. (Read a description of a past summer camp here.) Read more
Attending TEDxPortland reminds us why we have sponsored this event for the last four years. Saturday, April 15 was a remarkable day; attendees were treated to a wealth of information, inspiration, performances, and camaraderie. Read more
The Federal Reserve has some plans for the coming year. In addition to the possibility of more rate hikes, The Fed is considering a start to unwinding the $4.5 trillion in bonds on the central bank’s balance sheet. In the March meeting of the Federal Open Market Committee, officials stated that the unwind is likely to begin this year, although no details about when or how were addressed. Read more
At Arnerich Massena, we are proud that we have always been ahead of the curve on this issue, acknowledging fiduciary status since our inception and offering independent, unbiased advice to retirement plans. Regardless of the outcome of the review, we will continue to acknowledge our fiduciary status and work in the best interest of plan participants.
The Department of Labor’s (DOL) fiduciary rule was set to go into effect on April 10, 2017, but the DOL has announced that the rule has been delayed by 60 days. A Presidential Memorandum issued on February 3 requested that the DOL complete a comprehensive analysis of the rule and its impacts. This delay is intended to allow enough time to evaluate the regulation before it goes into effect. The new applicability date is June 9, 2017. Read more
Arnerich Massena employees and their families headed up to Mt. Hood on St. Patrick’s Day for some spring skiing. It’s an annual tradition, when we bond over ski poles, snowboards, hot chocolate, and board games in the lodge. This year, a bit of rain did not deter us from having a great time, both out on the mountain and back inside by the fire. Check out our photos below! Read more